If you've recently joined the ranks of British small businesses who export their goods overseas, you've done it at the right time: in the March Budget, the government announced that it would double the funding for export finance to £3 billion to boost UK industry. Interest rates on this lending will also be cut by a third, making it cheaper for firms to tap into markets overseas. With this in mind, here are some tips for businesses looking to get into the exporting game:
During all of the post-Budget chatter around improved export conditions and support to relieve rising energy bills, the changes to National Insurance Contributions (NIC) for business owners got hidden away a bit. However, the scheme referred to as Employee Allowance could make a big difference to many small businesses. To help you find out more, we've put together the following quick, no-nonsense guide.
The chancellor George Osborne did indeed open his red briefcase today, as he revealed the 2014 Budget. With a section titled "a Budget for business", it is safe to say businesses of all sizes made up a significant chunk of Mr Osborne's Budget. Without further ado, let's take a quick look at the small business-related announcements made today.
Accessing funding is one of the main difficulties faced universally by small business owners. With the banks not being as forthcoming as they should be when it comes to small business lending, many small business owners turn to alternative sources of cash.